Glo NG Set to Become the Largest Telecom Operator in Nigeria by Acquiring 9Mobile

We all know that it has been a rough year for telcos and NCC can confirm this but it has also been a rough year for every subscriber. Globacom also known as Glo, according to industry trend is seriously looking for every means to depose MTN, and become the largest operator in Nigeria.

Market Analysts believe that the battle for the soul of 9Mobile rests strictly between Globacom and Airtel, because of their financial muscles and experiences in the Nigerian market.Presently, Reports say four of the bidders have formed alliance to reduce the chances of the remaining one, which appeared to have the financial muscle to crush the other bidders ahead of the deadline.

Recall that Globacom is second after MTN, and controls 26.6 per centmarket share and 37 million customers, where Airtel is third with 35 millioncustomers as at the end of October.Embattled 9Mobile has 17 million customers, which is 12.2 per cent of the market. MTN with 50.7 million customers, controls 36 per cent market share.

Industry analyst believes that Globacom, is considered a better match to acquire 9mobile if it truly desires to lead the Nigerian market. If Glo adds up its 26.6 per cent to 9Mobile’s 12.2 per cent, it will rise to 38.8 per cent and tactically dethrone MTN, which is currently at 36 per cent.

Globacom currently has the cheapest data plan in Nigeria and currently operates in four countries in West Africa, namely Nigeria, Republic of Benin, Ghana, and Côte d’Ivoire, adding that the telecommunications firm built an $800million high-capacity fibre-optic cable known as Glo-1, a submarine cable from the United Kingdom to Nigeria.

Do you think Globacom is in the best position to acquire 9mobile? Dec 31st the winner will emerge.

Glo NG Set to Become the Largest Telecom Operator in Nigeria by Acquiring 9Mobile
Reviewed by Rapheal Chukwumah
on
December 27, 2017
Rating: 5